Brandywine Realty Trust (BDN) Upgraded by Stifel Nicolaus to Buy
Stifel Nicolaus upgraded shares of Brandywine Realty Trust (NYSE:BDN) from a hold rating to a buy rating in a research report sent to investors on Thursday morning. The firm currently has $19.00 target price on the real estate investment trust’s stock, up from their prior target price of $17.00.
Several other analysts also recently weighed in on BDN. Zacks Investment Research raised shares of Brandywine Realty Trust from a hold rating to a buy rating and set a $18.00 price target for the company in a research note on Tuesday, December 27th. Raymond James Financial, Inc. raised shares of Brandywine Realty Trust from a market perform rating to an outperform rating in a research note on Monday, January 9th. Finally, Barclays PLC reissued a neutral rating on shares of Brandywine Realty Trust in a research note on Friday, February 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Brandywine Realty Trust has a consensus rating of Hold and a consensus price target of $16.56.
Brandywine Realty Trust (NYSE:BDN) traded up 1.48% during midday trading on Thursday, reaching $17.10. The company’s stock had a trading volume of 1,808,671 shares. The stock has a 50-day moving average price of $16.38 and a 200 day moving average price of $15.88. The company has a market cap of $2.98 billion, a PE ratio of 90.96 and a beta of 1.05. Brandywine Realty Trust has a 12 month low of $14.04 and a 12 month high of $17.40.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Wednesday, April 19th. The real estate investment trust reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The business earned $130.92 million during the quarter, compared to the consensus estimate of $132.96 million. Brandywine Realty Trust had a net margin of 7.65% and a return on equity of 2.08%. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) earnings per share. Analysts expect that Brandywine Realty Trust will post $0.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 19th. Shareholders of record on Wednesday, April 5th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date was Monday, April 3rd. Brandywine Realty Trust’s payout ratio is 355.56%.
In other Brandywine Realty Trust news, insider Gerard H. Sweeney sold 20,000 shares of the business’s stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $16.52, for a total value of $330,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director H Richard Haverstick, Jr. acquired 7,500 shares of the firm’s stock in a transaction on Wednesday, February 8th. The stock was purchased at an average price of $15.98 per share, for a total transaction of $119,850.00. Following the transaction, the director now directly owns 7,500 shares of the company’s stock, valued at approximately $119,850. The disclosure for this purchase can be found here. 1.98% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in BDN. State of Alaska Department of Revenue boosted its position in Brandywine Realty Trust by 2.9% in the third quarter. State of Alaska Department of Revenue now owns 22,360 shares of the real estate investment trust’s stock worth $349,000 after buying an additional 640 shares during the last quarter. James Investment Research Inc. boosted its position in Brandywine Realty Trust by 25.1% in the third quarter. James Investment Research Inc. now owns 805,649 shares of the real estate investment trust’s stock worth $12,584,000 after buying an additional 161,514 shares during the last quarter. Chicago Equity Partners LLC boosted its position in Brandywine Realty Trust by 0.4% in the third quarter. Chicago Equity Partners LLC now owns 76,255 shares of the real estate investment trust’s stock worth $1,191,000 after buying an additional 330 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in Brandywine Realty Trust during the third quarter worth about $6,784,000. Finally, Peregrine Capital Management LLC purchased a new position in Brandywine Realty Trust during the third quarter worth about $8,638,000.
About Brandywine Realty Trust
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company operates through five segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC, Austin, Texas, and Other. The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs.
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